Obama's financial policies have helped GM and others

Robert W. Black played fast and loose in his generalities and unsubstantiated accusations against President Barack Obama’s financial policies in his Aug. 6 letter “Obama hasn’t proved worthy of re-election.” When Obama took office in 2009, the economy was in a spiral and there were fears the nation was about to plunge into a 21st-century Great Depression.

Despite Republican leaders declaring that their ultimate goal was to prevent Obama’s reelection, the president’s leadership averted the crash. An example is his financial assistance to prevent the bankruptcy of General Motors. The bankruptcy could have ravaged the entire American auto-making industry and the multitude of businesses involved in its support. But thanks to Obama’s intervention, General Motors survived and has since paid back the funds and surged back to profitability.

Wrapping up, Black said all Obama does is “spend, spend, spend,” and he has spent more taxpayer dollars in 3½ years than Bush did in eight.

In fact, the annualized growth in real per capita spending by the Obama administration is half of the rate of spending increases under George W. Bush, Ronald Reagan and substantially less than that of George H.W. Bush.

I suggest Black and others who embrace the disjointed talking points of Fox News and the Koch brothers widen their news input to include a spectrum of sources to become truly informed voters.